I've heard this effect put into more positive terms: If the ship is on a good course, making it hard to steer also makes it hard to sink.
No, this requires you to constantly steer left (or right, of course). So you are not traveling on a straight line.
A large enterprise such as Google, GE, or IBM can be poorly managed for decades before being economically forced to change.
I observed a team making 25 MM per engineer in a large company that made one change per year. There are products at google that require 400+ pages of documentation/proof to change.
[0]https://www.technologyreview.com/2018/04/30/143150/computer-...
On the other hand in these orgs you have people crying "iceberg!" all the time.
Well at least operationally it was a good product, and imo better than Netflix's, but I have no idea if helped or hurt them financially.
But Blockbuster's established sources for content/disks should have been an advantage against the stories of Netflix having to go buy retail copies of movies in cases of uncooperative distributors.
It was just Phase 2 and moving to streaming where they fell so far behind. (Plus Redbox's uprising didn't help, which is a separate failure to pivot.)
But failing can be good and bad.